SLATERS CHARTERED ACCOUNTANTS
Newcastle Under Lyme
Staffordshire,ST5 7JB
Tel: 01782 566101 Fax: 01782 566090
Childtrust
Child Trust Fund (CTF) The CTF was originally announced in the 2003 Budget and is about to become a reality. It is described by the government as a ‘new long-term savings and investment account for children’. A child born since September 2002 is eligible for a CTF account if Child Benefit has been awarded for them and they are living in the UK.
The CTF was officially launched in January 2005 with an announcement of the official providers and an advertising campaign. The government will provide an initial endowment of £250 (£500 for low income families).
Vouchers have been sent out and should be used to open a CTF account when they become fully operational in April 2005.
Comment
The government is also considering, subject to consultation, further payments at secondary school age.
| Income Tax Allowances | 2006/07 (£) | 2007/08 (£) |
| Personal Allowance | ||
| Personal allowance for people aged 65-74 | ||
| Personal allowance for people aged 75 and over | ||
| Income limit for age-related allowances | ||
| Married couple's allowance for people born before 6 April 1935 | ||
| Married couple's allowance - aged 75 or more | ||
| Minimum amount of married couple's allowance | ||
| Blind person's allowance |
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